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XDL-WC: Share Consolidation Spurs Rally

The share price of Xidelang Holdings Limited, which was trading ex-consolidation on Monday 15 May 2017, had a strong rally early this week with the mother share chalking up gains of 30% in the first three days of the week to close at 26 sen on 17 May 2017.  The company warrant XDL-WC gained even more as it rallied 42% in the first three days of the week.  In fact, XDL-WC price has risen from 2 sen (the equivalent of 8 sen ex-consolidation) to more than double at 17 sen on 17 May 2017 in a week.

Xidelang completed a 4 to 1 share consolidation exercise recently that resulted the number of shares outstanding of the company being reduced to 673.9 million shares from almost 2.7 billion shares before.  The number of warrants outstanding has also been reduced by 75 percent to 220.3 million warrants.

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